Freehold Royalties Ltd. (TSE:FRU) Announces $0.09 Monthly Dividend

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Monday, May 6th, TickerTech reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date is Friday, May 31st.

Freehold Royalties Price Performance

Shares of TSE:FRU traded down C$0.12 on Wednesday, hitting C$13.93. The company had a trading volume of 472,548 shares, compared to its average volume of 345,610. The company has a market cap of C$2.10 billion, a PE ratio of 15.74, a PEG ratio of -0.92 and a beta of 2.01. The business has a 50 day moving average of C$14.30 and a 200 day moving average of C$14.12. Freehold Royalties has a 52-week low of C$12.66 and a 52-week high of C$15.27. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$80.06 million during the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. As a group, equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Ian C. Hantke acquired 8,590 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of C$13.91 per share, for a total transaction of C$119,486.90. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

FRU has been the subject of a number of research reports. Desjardins lowered their price target on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research report on Wednesday. National Bankshares increased their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Raymond James reduced their price target on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Finally, Acumen Capital set a C$18.00 target price on shares of Freehold Royalties in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Freehold Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.55.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.